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AUD/USD: aussie under May’s highs

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Technical levels: support – 0.7510, 0.7480; resistance – 0.7550.

Trade recommendations:

  1. Sell — 0.7550; SL — 0.7570; TP1 — 0.7510; TP2 — 0.7480.

Reason: bullish Ichimoku Cloud, rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, rising Tenkan-sen; the prices are under the strong resistance of May; the market is overbought and expected a correctional movements.

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